Scores of Polometsi, Matsiloje and Motopi residents are worried that their 125 ancestors who will be exhumed to pave way for Dikgatong Dam are turning in their graves.
In what could be interpreted as a complete victory by the privatization agency Chief Executive Joshua Galeforolwe, the enlarged PEEPA Board has now decided to split the positions of deputy CEO into two.
This is a total reversal of an earlier decision by the board to have Galeforolwe himself share his position with someone else under the designation of Chief Operation officer.
The ruling Botswana Democratic Party has called on the embattled leader of opposition Otsweletse Moupo to disclose the identity of his financiers.
This, says the BDP would be keeping in line with decades old demands by the Botswana National Front on the BDP to always disclose not only the identity of financiers but also the conditions for releasing the funds.
• Pornography video production studios mushrooming in Maun
• Two Norwegians; two Germans and two Britons arrested for producing “made in Botswana” porn videos
• Batswana women act in blue movies for a fee of P100 each
• Four Batswana women arrested for acting in porn movies shot on location in Maun
• Porn trafficking booming in Botswana
Furnmart, the furniture listed company, beat analysts expectation with its full year results with a 34 percent net income growth amid concerns that its regional expansion drive would eat on the bottom-line.
MRI, the medical and emergency services on the stock exchange, dumped its embattled chief executive officer, Phillip Makgalemele, in a desperate move aimed at stopping financial bleedings.
Impeccable sources told Sunday Standard last week that the board has declined to renew his contract, which comes to an end in December citing its unhappiness over his performance during his tenure.
Barclays Bank of Botswana, the giant retail bank in the country, is to call a special AGM in the next four weeks where it will ask shareholders to approve the proposed share split given thumps up by the stock exchange.
The move, which is expected to give retail investors a window to plug into the financial market, will be on a ratio of five-for-one.
Loftus Ndzinge, chairman of Investec Asset Management, called for skilled development in the pension industry on Thursday, as the portfolio breached the P25 billion mark.
Speaking at Investec Asset Management’s tenth anniversary, Ndzinge said the bulging of the industry “ has created skills gap” and there was an urgent need to develop local capacity to meet the challenges.
Botswana Telecommunication Authority (BTA) has engaged experts in telecommunication matters to assist in the development of a new telephone numbering policy and to work on the telephone numbering User’s Guide for Botswana.
Botswana Investment Fund Management (Bifm)’s funds under its control bulged to P 11 billion to September this year, as it is supported by technology and media shares across Europe and hedge funds investments.